Minimax's stock surges over 92% amid strong financial performance

MiniMax's stock price has surged more than 92% since its recent low on July 27th, closing at 357.8 HKD on the latest trading day. This marks a significant rebound, with the company's total market value reaching 124.956 billion HKD. The strong performance is attributed to the company's impressive mid-2026 earnings report, which highlights explosive growth in business scale and commercialization. Token consumption in July reached 20 times that of January this year, while second-quarter revenue grew by 81.8% compared to the previous quarter. As of August, the company's annual recurring revenue (ARR) has exceeded 800 million USD. In the first half of 2, MiniMax's total revenue reached 117 million USD, representing a 283.1% year-over-year increase. This half-year performance surpassed the total of the entire previous year. The company officially listed on the Hong Kong Stock Exchange at the beginning of this year and was added to the Hong Kong Stock Connect in August, reflecting growing recognition of its technological capabilities and commercial potential.